Quanta Services Now Expects FY23 Revenue Of $20.1B-$20.4B Vs. $19.83B Est., Adj. EPS Of $7.00 -$7.20 Vs. $7.13Est.
Portfolio Pulse from Benzinga Newsdesk
Quanta Services has updated its FY23 revenue forecast to $20.1B-$20.4B, up from the previous estimate of $19.83B. The company also adjusted its EPS to $7.00-$7.20, compared to the previous estimate of $7.13.
November 02, 2023 | 11:02 am
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Quanta Services (PWR) has raised its FY23 revenue and EPS forecasts. This could potentially lead to a positive market reaction.
Quanta Services has raised its revenue and EPS forecasts for FY23, which indicates that the company expects better financial performance than previously estimated. This is typically seen as a positive signal by the market and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100